18018 Schoenborn Street, Northridge, CA 91325
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Listed Price :
$1,425,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1958
Property Description
We are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this property for more than 30 years, has never tried to maximize rents on the property, opting for a more relaxed approach towards the tenants to avoid management headaches. This provides the buyer an opportunity to capture this nearly 40% upside potential in rents. Also, a savvy investor could consider adding an ADU to this property where the parking is in the back alley. 18018 Schoenborn is located in a safe, family friendly neighborhood, directly across the street from Northridge Middle School and minutes from Northridge Hospital Medical Center. It's just a short drive away from California State University, Northridge (CSUN) and the Northridge Fashion Center. The property offers a great place to live for tenants who commute to work with easy access to major freeways, including the 405 and 118, facilitating easy access throughout Los Angeles and beyond.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Listing Information
Address |
18018 Schoenborn Street |
City |
Northridge |
State |
CA |
Zip |
91325 |
County |
Los Angeles |
Listing Agent |
Filip Niculete DRE #01905352 |
Co-Listing Agent |
Glen Scher DRE #01962976 |
Courtesy Of |
Marcus & Millichap |
List Price |
$1,425,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
7,322 |
Year Built |
1958 |
Listing information courtesy of: Filip Niculete, Glen Scher, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 23rd, 2024 at 5:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.